Arizona State Bill $BTC Passed! The dog owner presses the position at 95000, will it break through or waterfall tonight?
The long and short grinding machine is in full swing! The big pie is playing tug-of-war in the 94000-95000 range, the market is twisted into a braid by the dog owner, K-line is filled with needles making people's hair stand on end.
Two major news events are stirring the market: the Arizona Bitcoin Reserve Bill has passed the House vote, and if the governor eventually signs it, it will become the first government-level BTC reserve case; however, BlackRock ETF saw a net inflow of 45.5 million dollars yesterday but was smashed by hedge funds, institutional long and short hedging pressed the market into a pressure cooker.
The dog owner's control of the market is becoming increasingly ruthless, with 23 needles sticking above 95000, the order book shows that this position has accumulated over 2500 large pie liquidation orders, the four-hour MACD fast and slow lines are sticking and flat, RSI is playing dead near the middle line, clearly waiting for the 20:30 US core PCE data to explode the market. Below, 94000 is holding a wall of 8000 spot buy orders, but if the support is unexpectedly broken, the waterfall may plunge straight to the 92800 weekly defense level.
On-chain data hides a mystery: Grayscale increased its holdings by 1200 spot in one day, but Coinbase institutional wallets continue to flow out 3400 chips, this mutual struggle between longs and shorts causes the market to fluctuate erratically. Current price operations require a microscope to watch the market closely.
Personal strategy: A pullback to 94300 is the best cost-performance opportunity for a quick steal, if it falls below 94000, directly hit the nuclear button to stop loss, if it breaks above 95300 liquidity pool, one can chase the rise and look at the strong resistance at 96000. Remember to place orders to avoid the integer level of 95000, unconventional points like 94380/94920 are safer— the dog owner is currently focused on exploding the stop loss at integer points.
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